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C~~~ <br />~~ . ® ~~~ <br />• °®s•° ° <br />;. a als ~::::~: ~ es ources <br />.. <br />•°"'°' ~ Gold & Silver Exploration <br />February 28, 2008 ~~~~~~® <br />Mr. Ron Cattany <br />Director/Natural Resource Trustee <br />Department of Natural Resources <br />~'~v ; Division of Reclamation, Mining and Safety <br />1313 Sherman Street, Room 215 <br />Denver, Colorado 80203 <br />~AR ~ 9 2008 <br />Division ofa d ~~ n' <br />Mining <br />r'M- I°I'1~-~1~~ <br />j ~-4-~Q ; <br />Reference: Brief Environmental Policy Point List ~ <br />Calais Resources Inc. Consolidated Caribou Mines <br />Project /Caribou, Colorado <br />Dear Ron: <br />Thanks for taking the time to meet with us recently to go over onr fature plans <br />for our small, high grade pilot plant operation at Caribou. You asked me in that <br />meeting to provide you with a brief summary of our environmentaUcommunity <br />involvement policies. Though the policies in detail would take many pages to cover, I <br />have tried to simplify them into a sort policy point list for you. <br />Introduction: The mines at Caribou, Colorado in western Boulder County have <br />been in operation since 1869 a period of 139 years other than for the World War 11 <br />closure period. The district has produced in excess of 20 million ounces of silver and <br />300,000 ounces of gold from high grade underground veins to shallow depths. The <br />documented potential for this district significantly exceeds the historic production <br />figares. The historic Cariboo Town site was one of the few original Cornish mining <br />camps in Colorado. Hendricks Mining Co, and now Calais Resources Inc. have been <br />consolidating, exploring, developing and producing at the Cariboo district since <br />1971 a period lasting 37 years. Since 1971, onr companies have spent $ 22 mUlion <br />dollars on this valuable project. There is no open pit deposit at Caribou and the ores <br />do not require cyanide for reduction. Concentrates will be made from the use of tiny <br />quantities of orgae!ic chemicals and mining will focus strictly by high grade <br />underground methods. The rocks and veins at Caribou are not acid generating and <br />the mine water has a natural pH of 8 making it alkaline. <br />Environmental Policies <br />1. The existing surface plant buildings and facilities along with the construction <br />of additional new buildings will be color coordinated with the natural <br />surrounding environment. The operations will focus on noise and dust <br />abatement and recycling will be part of the entire operation. <br />2. The company plans to work closely with the Boulder County Parks and <br />Open Space Department and the Wild Bear Center for Nature and Discovery <br />P.0. Box 653 -Caribou • Nederland, CO 80466-0653 • Phone 303.258.3806 • Fax 303.258.0402 <br />Email•thomassh@earthlink.net < Website•www.calaisresources.com <br />